Unemployment hits record low, but less people looking for work
While the unemployment figure dropped to 3.9 per cent, only 4,000 new jobs were created and 7,000 people gave up...READ MORE
Leading chief executives have come out in support of Prime Minister Malcolm Turnbull’s renewed push for corporate tax cuts to create stronger wage growth and investment, pitting the business community against Opposition Leader Bill Shorten as he positions himself for the next federal election.
Chief executives including Coca-Cola Amatil’s Alison Watkins, Woodside Energy’s Peter Coleman, Catherine Tanna of EnergyAustralia, MYOB’s Tim Reed and prominent chairman and director Sir Rod Eddington have taken aim at Mr Shorten’s populist attack on business and backed Mr Turnbull with their plans to reinvest, create new jobs and lift wages if the Senate agrees to lower the corporate tax rate to 25 per cent.
Read the full story at The Australian Financial Review.